Peller owns 80% of Sando Company common stock During the fourth quarter of 2017, Sando sold inventory to Peller for $200,000 At the end of December 2017, half this inventory remained in Pellers ending inventory For the year 2017, Pillars gross profit percentage was 30% while Sandos was 40%. How much unrealized profit should be eliminated from ending inventory on December 31, 2017?

Answer rating: 100% (QA)

The munt f unrelized intrentity rfit in ending inventry t Deember 31 tht shuld be eliminted in nslid... View the full answer